Ken 's Blog

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Mortgage and Lending - FAIRWAY Independent Mortgage Corp
Ken Pederson, a mortgage lender and Certified Mortgage Planner in Pennsylvania, talks about wealth accumulation and mortgage advice.

ARCHIVED BLOG POSTS

2008 

The average millionaire has been on the job for 30 years. Probably living in the same town and owning a factory, service firm or chain of stores. She has been married twice and remained married. She lives in a middle class neighborhood, next to a family with a fraction of her net worth and you wo...
04/28/2008
Would you like a million dollars OR a penny that doubles every day for a month? A million dollars is nice, but a penny that doubles every day will be worth for more. In fact, over 30 days, that penny grows to more than $5 Million Dollars! And if it's October and you have 31 days... yup, $10 M...
04/17/2008
How would you like to work for four full months and not get paid? Well, that's not quite a great anology, but that's what the tax man does to us. For the average American, you work for almost four full months just to pay your taxes. The remaining eight months are yours. PA ranks 18th out ...
04/17/2008
There are always pros and cons to almost every financial decision you make or financial service/product you buy or invest in. The same is true with a Reverse Mortgage (RM). It makes me angry when I see media/print/pundits giving negative publicity in a blanket manner about a specific product. Rev...
04/17/2008
One of the premier Financial Advisors in the US, Bert Whitehead gives some financial advice thru our Mortgage Advisors Newsletter. This is part 3.If you missed part 1 or 2 of "Facing Financial Dysfunction", you can find those right here.PA's Leading Lender FAIRWAY Independent Mortga...
04/13/2008
PA's Best Lender and Certified Mortgage Planning Specialist gives market commentary.  Find out what happened last week and what events and reports may move the market in the coming week.  You will also find a good chart on bond prices over the past 90 days.  Bond prices are a good indicator f...
04/13/2008
Employment in the mortgage industry appears to be stabilizing, with a loss of only 700 jobs in February, as refinancing activity and loan workouts keep the current work force busy. The U.S. Bureau of Labor Statistics reported Friday that employment in the mortgage banker/broker sector fell from 3...
04/13/2008
Click here for a quick read on where the market was last week and where it's going.  Nobody knows for sure... in general, bad economic news will help interest rates go lower.  Strong, positive economic news and/or inflation will tend to push mortgage rates higher.  You can subscribe to this w...
04/05/2008
This is NOT inked yet:Legislators on both sides of the aisle agree: a 15-billion dollar housing package is just what the country needs. Here are some of the highlights of the proposed legislation:1. Funding to help borrowers refinance out of unaffordable loans and boost communities that are pulle...
04/05/2008
Many homeowners like to pay extra on their mortgage to shorten the term. A 15 year mortgage is nothing more than a forced, extra payment with no flexibility that just paying extra when you want provides. The big question is this, should you prepay or take out a 15 year loan? The obvious answer is...
04/05/2008
Rainmaker
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Ken Pederson

Certified Mortgage Planner
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